Leiner Auction Outcome Will Shift Balance Of Power For Supplement Players
This article was originally published in The Tan Sheet
The auction of Leiner Health Products slated for June 9 will reshape the competitive landscape for the dietary supplement market whether the winner is Perrigo or NBTY
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Turning around a nutritionals business saddled with high costs remains a top priority for Perrigo as it reports record overall sales in its fiscal 2009
Springville, Utah-based herbal and natural product manufacturer Nature's Way acquires natural medicine and supplement firm Enzymatic Therapy under an Oct. 9 agreement with the North Castle Partners private equity firm, Enzymatic Therapy's majority shareholder. Green Bay, Wis.-based Enzymatic Therapy says Oct. 17 that all other shareholders approved the sale, which will close pending regulatory approvals. North Castle also was the majority investor in Naked Juice when PepsiCo acquired it in 2007 (1"The Tan Sheet" Nov. 27, 2007, In Brief). The Greenwich, Conn.-based firm also owned controlling interest in the EAS sports nutrition company when Abbott Labs acquired it in 2004, and it was part of the fund with majority investment when Leiner was sold in bankruptcy court (2"The Tan Sheet" April 18, 2005, p. 15 and 3"The Tan Sheet" June 9, 2008, p. 3)